Originally Posted by
Gainsbro_Miller
On the face of it, you're probably correct.
However, when the NYC was built we were deep in a recession (caused by the 2009/10 bank failures, etc) and building costs were 'rock bottom'.
We now have a booming construction industry and costs are rising due to shortage of materials, labour, etc.
This is blamed on the effects of Brexit, the pandemic, a boat blocking the Suez Canal (causing a massive back log of container ships), China holding back supplies & lifting container charges from £3k to £20k per unit, gas & oil price increases, etc, etc.
In our industry, materials have increased 2 & 3 times already this year and its been between 10% to 25% at a time, not the usual small increases.
You can't expect us Subcontractors and Principle Contractors to absorb these costs. It is therefore inevitable that these costs are passed on to the clients.
Brentford's new ground cost £70m for 17,000 seats. I think that we got lucky to get our ground built at £21m for 12,000 seats.
It would probably cost double that if you tried to build it now.